Hey all, I've been having lots of fun doing some converting of various formats, like ripping wave/cue sheets, then converting with foobar to other lossy formats, but the one thing that still puzzles me to no end, is the transcoding from flac to a lossy format! It was always my understanding, that the fewer steps in a conversion equates into better quality, so wouldn't the extra step of transcoding from flac, be that added step thats not there from the wave file?
Also, can you please explain to me, in plain English please

, what is actually stripped from a wave file during its conversion to flac.
The reason I am asking all this, is because I already have all my CD's ripped to flac, and rather not do it all over again with secure mode in EAC to rip to wave/CUE Sheets! Hey thanks everyone for helping me out!